Yearly Cost Per RN | Total For Year | 3-Year Total | |
---|---|---|---|
Staffing Cost | |||
Direct-Hire Cost | |||
Savings |
*This does not include revenue lost by your facilty due to empty beds caused by nursing shortage
It take an average of 112 days to hire a new nurse
Average cost to hire RN is over $40,000
The average travel nurse cost for a hospital is $120/hour
Hospitals lose a minimum $5 million per empty bed per year.
Nursing Home: if a nurse oversees 10 patients = $1.8 million a year is lost.